Analyzing Royal Caribbean Cruises Ltd. (RCL) By Technical Indicators

As of Friday close, Royal Caribbean Cruises Ltd.’s (NYSE:RCL) stock was up $3.85, moving up 6.66 percent to $61.63. The average number of shares traded per day over the past five days has been 5,086,880 shares. 1 time new highs have been achieved over the past 5 days, with a -$8.22 fall in that time frame. In the last twenty days, the average volume was 3,366,720, while in the previous 50 days, it was 3,505,300.

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Since last month, RCL stock retreated -24.81%. Shares of the company fell to $56.15 on 05/12/22, the lowest level in the past month. A 52-week high of $98.27 was reached on 02/10/22 after having rallying from a 52-week low of $56.15. Since the beginning of this year, RCL’s stock price has dropped by -19.86% or -$15.27, and marked a new high 7 times. However, the stock has declined by -37.29% since its 52-week high.

Royal Caribbean Cruises Ltd. (RCL) last reported insider trading activity 46 days ago on Mar 29. Bayley Michael W, the Pres& CEO,Royal Caribbean Intl of the company, disposed of 3,637 shares for $80.00 on Mar 29. It resulted in a $290,960 divestment by the insider. Bayley Michael W sold 3,859 shares at an average price of $77.02 on Mar 25. The insider now owns 120,588 shares following the transaction. On Feb 15, Pres& CEO,Royal Caribbean Intl Bayley Michael W sold 2,529 shares at $85.92 apiece. The transaction was valued at $217,286.

Valuation Metrics

The stock’s beta is 2.39. Besides these, the trailing price-to-sales (P/S) ratio of 10.81, the price-to-book (PB) ratio of 3.94.

The latest dividend of $0.78 per share was paid out, remained unchanged from last year’s $0.78.

Financial Health

In the three months ended September 29, Royal Caribbean Cruises Ltd.’s quick ratio stood at 0.40, while its current ratio was 0.40, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 5.00, and the total debt-to-equity ratio was 5.64. On the profitability front, the trailing twelve-month gross margin is -70.70% percent. Based on annual data, RCL earned -$1.13 billion in gross profit and brought in $1.53 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -15.40%. Return on equity (ROE) for the past 12 months was -90.40%.

In Royal Caribbean Cruises Ltd.’s quarter-end financial report for September 29, it reported total debt of $19.94 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. RCL’s revenue rose 96.03% to $982.25 million during the quarter, while net income inched up to $1.06 billion. While analysts expected Royal Caribbean Cruises Ltd. to report -$4.4 quarterly earnings, the actual figure was -$4.91 per share, beating the consensus estimate by -11.60%. During the quarter, the company generated -$476.55 million in EBITDA. The liabilities of Royal Caribbean Cruises Ltd. were 28.95 billion at the end of its most recent quarter ended September 29, and its total debt was $21.55 billion. The value of shareholders’ equity is $254.96 million.

Technical Picture

This quick technical analysis looks at Royal Caribbean Cruises Ltd.’s (RCL) price momentum. With a historical volatility rate of 75.26%, the RSI 9-day stood at 27.64% on 13 May.

With respect to its five-day moving average, the current Royal Caribbean Cruises Ltd. price is down by -11.77% percent or -$8.22. At present, RCL shares trade -25.37% below its 20-day simple moving average and -15.18% percent below its 100-day simple moving average. However, the stock is currently trading approximately -14.22% below its SMA50 and -22.98% below its SMA200.

Stochastic coefficient K was 9.26% and Stochastic coefficient D was 4.68%, while ATR was 4.41. Given the Stochastic reading of 21.08% for the 14-day period, the RSI (14) reading has been calculated as 29.86%. As of today, the MACD Oscillator reading stands at -6.94, while the 14-day reading stands at -11.33.

Analyst Ratings

Wells Fargo launched its rating on Royal Caribbean Cruises Ltd. (NYSE: RCL) to an Overweight in a note to investors on March 30, 2022. Royal Caribbean Cruises Ltd. (RCL) has been rated Overweight by analysts. According to 1 brokerage firm, RCL is a sell, and 8 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Royal Caribbean Cruises Ltd. stock as buy, with 6 recommending it as overweight.

With a median target price of $78.00, the current consensus forecast for the stock is $59.00 – $136.00. Based on these forecasts, analysts predict Royal Caribbean Cruises Ltd. (RCL) will achieve an average price target of $84.42.


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